October 4, 2024
The True Cost of Identity Theft: How Identity Theft Protection Saves You Time and Money
October 07, 2024
Identity theft is not only a growing problem, but one that leaves a lasting impact on its victims. Imagine the time and effort it takes to rebuild your life after someone steals your identity, from untangling financial accounts to clearing fraudulent charges and repairing the damage to your credit score. This nightmare scenario may seem hypothetical, but recent incidents like the National Public Data breach have compromised billions of records. When even a background check company can be successfully targeted by bad actors, the threat of identity theft is more pressing than ever.
While some individuals may rely on minimal protection from their banks or credit card companies, these solutions often don't provide comprehensive coverage. That’s where IDSeal steps in, offering full-spectrum identity protection services designed to save you time, money, and stress.
The Hidden Costs of Identity Theft
Many people underestimate the true cost of recovering from identity theft, assuming it’s just a matter of reporting a few fraudulent transactions and letting their bank or credit card company handle the rest. The reality is far more complex and damaging. If bad actors purchase your information on the dark web, they can use it to apply for credit cards, take over bank accounts, pay bills, apply for loans, or even make false insurance claims. Victims of such attacks spend, on average, up to 200 hours trying to undo the damage according to the Federal Trade Commission (FTC). That’s nearly five weeks of full-time work just to regain control of their identity. And according to a report from the AARP, American adults lost $43 billion to identity fraud in 2023.
The true cost of identity theft extends far beyond lost time and finances, though. It can result in inflated premiums and higher insurance rates or disrupt important benefits such as retirement accounts and health care. The damage to a victim’s financial reputation can also be severe, making it harder to qualify for loans or credit in the future. Beyond the financial toll, the stress and anxiety of dealing with identity theft can leave a lasting impact on your mental and emotional well-being.
How IDSeal Can Help
While the impact of identity theft can be overwhelming, the good news is that protecting yourself is easy and quick. Setting up identity protection with IDSeal takes just a few minutes and could save you months of headaches, lost income, and financial ruin.
At IDSeal, we go beyond what banks or credit card companies offer by providing the comprehensive protection necessary to safeguard your identity. Our plans include proactive measures like monitoring your personal information, scanning the dark web for signs of compromised data, and sending alerts for any suspicious activity.
The Power of White-Glove Service
In the unfortunate event that your identity is stolen, IDSeal provides an unmatched level of support with our white-glove restoration service. Each member is assigned a dedicated restoration specialist to work closely with you to restore your identity and recover lost assets. No one is left to navigate the maze of legal and financial red tape on their own.
Our members also benefit from up to $1 million in identity theft restoration insurance, with no deductible. This financial safety net helps cover a range of costs associated with identity recovery, including lost wages or income, legal fees, expenses for refiling loans or grants, and additional childcare or eldercare costs incurred during the restoration process.
Get Protected Today
With identity theft on the rise and massive data breaches like the National Public Data incident putting countless people at risk, your sensitive data is more vulnerable than ever. Taking action now by setting up IDSeal’s identity protection services can help ensure that you don’t become the next victim. And should an incident occur, our white-glove restoration service and up to $1 million insurance coverage will help you recover with minimal disruption to your life.
Don’t wait until it’s too late. In just a few minutes, you can take the proactive step of securing your personal information with IDSeal — and save yourself the time, stress, and financial cost of recovering from identity theft later.
Start protecting your identity today! Signing up is quick & easy
Remember, 1-in-4 Americans are the victim of identity theft. It's not a matter
of if you'll become a victim, it's when...
Get Protected
